Small Industries Development Bank of India (SIDBI) plans to disburse around Rs 1,000 crore in credit to microfinance institutions (MFIs) during 2011-12, which is 19% more than the loaned amount last fiscal.
"We are not shying away from lending to MFI sector in the recent time. Rather, we do have a target of disbursing around Rs 1,000 crore of loan in the current fiscal against Rs 840 crore of advances last fiscal," SIDBI Deputy Managing Director N K Maini told reporters on the sidelines of a seminar on
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